Forex Fundamental Analysis – The prospect of energy shortages


EURUSD trading plan:

German investor sentiment fell further than expected in September as concerns over the country’s energy supply increasingly weigh on the outlook for Europe’s largest economy. The ZEW economic research institute said its economic sentiment index fell to -61.9 points from -55.3 points in August. The prospect of energy shortages in winter has made the expectations of large parts of the German industry even more negative, said the ZEW economic research institute. „Together with the more negative assessment of the current situation, the outlook for the next six months has deteriorated further,“ said ZEW President Professor Achim Wambach.

Investment idea: sell 1.0000 and take profit 0.9950.

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